SALI OPTICAL: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SALI OPTICAL
Largest movements
- Receivables after one year -€100,000
down €100,000 (-76.3%), from €131,000 to €31,000
- Receivables within one year +€66,898
up €66,898 (+52.6%), from €127,223 to €194,122
of which Trade receivables: +€66,418
- Cash +€33,553
new in 2025: €33,553
mainly Trade debts (+€133,285) and Receivables after one year (+€100,000)
- Stocks and contracts -€26,392
down €26,392 (-31.1%), from €84,743 to €58,351
- Tangible fixed assets +€10,147
up €10,147 (+3.2%), from €312,386 to €322,533
of which Other tangible fixed assets: +€24,437
- Trade debts +€133,285
up €133,285 (+51.4%), from €259,463 to €392,748
- Debts after one year -€94,328
down €94,328 (-46.0%), from €205,113 to €110,784
- Profit (loss) carried forward -€51,076
down €51,076 (-57.9%), from -€88,286 to -€139,362
- Short-term financial debts +€29,034
up €29,034 (+208%), from €13,988 to €43,022
- Reserves -€21,715
down €21,715 (-17.6%), from €123,519 to €101,804
of which Tax-exempt reserves: -€21,715
- Gross operating margin -€71,343
down €71,343 (-98.5%), from €72,408 to €1,065
- Other operating charges -€8,540
down €8,540 (-66.4%), from €12,871 to €4,331
- Financial income -€2,676
down €2,676 (-98.3%), from €2,722 to €46
- Depreciation +€1,981
up €1,981 (+13.8%), from €14,377 to €16,358
- Financial charges +€1,416
up €1,416 (+20.0%), from €7,061 to €8,476
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €668,988 | €653,119 | -€15,869 | -2.4% |
| Fixed assets | 21/28 | €316,633 | €326,780 | +€10,147 | +3.2% |
| Tangible fixed assets | 22/27 | €312,386 | €322,533 | +€10,147 | +3.2% |
| Land and buildings | 22 | €310,162 | €296,571 | -€13,592 | -4.4% |
| Plant, machinery and equipment | 23 | €2,224 | €1,525 | -€699 | -31.4% |
| Other tangible fixed assets | 26 | - | €24,437 | +€24,437 | |
| Financial fixed assets | 28 | €4,247 | €4,247 | = | 0.0% |
| Current assets | 29/58 | €352,355 | €326,340 | -€26,016 | -7.4% |
| Amounts receivable after more than one year | 29 | €131,000 | €31,000 | -€100,000 | -76.3% |
| Trade receivables | 290 | €131,000 | €31,000 | -€100,000 | -76.3% |
| Stocks and contracts in progress | 3 | €84,743 | €58,351 | -€26,392 | -31.1% |
| Stocks | 30/36 | €84,743 | €58,351 | -€26,392 | -31.1% |
| Amounts receivable within one year | 40/41 | €127,223 | €194,122 | +€66,898 | +52.6% |
| Trade receivables | 40 | €122,043 | €188,461 | +€66,418 | +54.4% |
| Other amounts receivable | 41 | €5,180 | €5,661 | +€481 | +9.3% |
| Current investments | 50/53 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €33,553 | +€33,553 | |
| Deferred charges and accrued income | 490/1 | €8,888 | €8,814 | -€75 | -0.8% |
| Total equity and liabilities | 10/49 | €668,988 | €653,119 | -€15,869 | -2.4% |
| Equity | 10/15 | €53,833 | -€18,958 | -€72,791 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,519 | €101,804 | -€21,715 | -17.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €121,114 | €99,400 | -€21,715 | -17.9% |
| Distributable reserves | 133 | €545 | €545 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,286 | -€139,362 | -€51,076 | -57.9% |
| Provisions and deferred taxes | 16 | €50,874 | €41,753 | -€9,121 | -17.9% |
| Deferred taxes | 168 | €50,874 | €41,753 | -€9,121 | -17.9% |
| Amounts payable | 17/49 | €564,281 | €630,325 | +€66,043 | +11.7% |
| Amounts payable after more than one year | 17 | €205,113 | €110,784 | -€94,328 | -46.0% |
| Financial debts | 170/4 | €205,113 | €110,784 | -€94,328 | -46.0% |
| Amounts payable within one year | 42/48 | €359,168 | €519,540 | +€160,372 | +44.7% |
| Current portion of amounts payable after more than one year | 42 | €13,836 | €14,958 | +€1,122 | +8.1% |
| Financial debts | 43 | €13,988 | €43,022 | +€29,034 | +208% |
| Credit institutions | 430/8 | €13,988 | €43,022 | +€29,034 | +208% |
| Trade debts | 44 | €259,463 | €392,748 | +€133,285 | +51.4% |
| Suppliers | 440/4 | €259,463 | €392,748 | +€133,285 | +51.4% |
| Advances received on contracts in progress | 46 | €26,424 | €26,424 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €44,548 | €36,948 | -€7,600 | -17.1% |
| Taxes | 450/3 | €28,848 | €26,300 | -€2,548 | -8.8% |
| Remuneration and social security | 454/9 | €15,700 | €10,648 | -€5,053 | -32.2% |
| Other amounts payable | 47/48 | €909 | €5,440 | +€4,531 | +498% |
| Remuneration, social security and pensions | 62 | €53,963 | €53,858 | -€105 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,377 | €16,358 | +€1,981 | +13.8% |
| Other operating charges | 640/8 | €12,871 | €4,331 | -€8,540 | -66.4% |
| Gross operating margin | 9900 | €72,408 | €1,065 | -€71,343 | -98.5% |
| Operating profit (loss) | 9901 | -€8,804 | -€73,482 | -€64,678 | -735% |
| Financial income | 75/76B | €2,722 | €46 | -€2,676 | -98.3% |
| Recurring financial income | 75 | €2,722 | €46 | -€2,676 | -98.3% |
| Financial charges | 65/66B | €7,061 | €8,476 | +€1,416 | +20.0% |
| Recurring financial charges | 65 | €7,061 | €8,476 | +€1,416 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,142 | -€81,912 | -€68,770 | -523% |
| Transfer from deferred taxes | 780 | €9,121 | €9,121 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€4,021 | -€72,791 | -€68,770 | -1,710% |
| Transfer from tax-exempt reserves | 789 | €21,715 | €21,715 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,694 | -€51,076 | -€68,770 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.